Supply Chain Management

A. A supply chain strategy appears in many different forms and varieties; picking the right strategy is the hard part. When deciding on a strategy, the goal is to pick the correct one that will benefit your specific organization and area. There are six different strategy associated with supply chain management: Many supplier, few suppliers, vertical integration, a combination of the two referred to as a joint venture, Keiretsu, and a virtual company (Hiezer). The first couple of the strategies have a company rely heavily on external suppliers for their goods and service. Not necessarily working in conjunction with the organization business strategy, but aggressively compete with other suppliers to gain essentially the right to provide the product on the companies demand. The goal of both these strategies isn’t to foster a long term partnering relationship with the buyer’s organization. The strategy of vertical integration takes on two forms also; a company can either purchase a supplier or work in combination and join resources becoming a joint venture. Vertical integration can be forward taking on more of the distribution action or backwards by produce what was in the past purchased. They can benefit from organization talents by reducing cost, increase quality, and timely deliveries. It being hard to everything well and the large financial commitment are some of the challenges of a vertical integration strategy, for some organization these challenges may force them into a formal partnership with their suppliers. There are several reasons for a buyer to enter into a partnership with their supplier; the key ones would be guaranteed supply and reduced costs. The fifth strategy, known as Keiretsu, is a strategy where the company’s suppliers become part of a coalition. They are interlocked on the bases of relationship and share common stakeholders, there are a…...

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...INTRODUCTION
BACKGROUND ON SUPPLY CHAIN
The telecom industry’s drastic shift this year from a supply-driven marketplace to a demand-driven model has drastically impacted not only how carriers market and sell their products, but in what way they locating their own network equipment. In the present economic climate, achieving operational efficiencies and reducing cost has taken on paramount importance. To meet the current situation effective and efficient supply chain management is required. Let us first understand SCM.
Stream of material flow from its source to destination customer thought all the different stages are known as supply chain. Supply chain includes various diversifications like manufacturing, purchasing, transportation, warehousing, customer service and finally to manage these supply chain management is required.
Supply chain management is a oversight of information, material, and finance as they move through the supply chain.
ELEMENTS OF SUPPLY CHAIN
Today, supply chain management is a acknowledged term in our enterprise wordlist. It is complicated to find a standard design of supply chain management performing in the world of enterprise. Some enterprise will talk about and handle their supply organizations in a synchronized and all surrounding fashion, such as all of the sub places identified above. Others will include some components of the production chain, for example buying and strategies and call this supply chain management. Many will......

...What is supply chain management? [
A German paper factory receives its daily supply of 75 tons of recyclable paperas its raw material
In the 1980s, the term Supply Chain Management (SCM) was developed[5] to express the need to integrate the key business processes, from end user through original suppliers. Original suppliers being those that provide products, services and information that add value for customers and other stakeholders. The basic idea behind the SCM is that companies and corporations involve themselves in a supply chain by exchanging information regarding market fluctuations and production capabilities.
If all relevant information is accessible to any relevant company, every company in the supply chain has the ability to help optimize the entire supply chain rather than sub optimize based on a local interest. This will lead to better planned overall production and distribution which can cut costs and give a more attractive final product leading to better sales and better overall results for the companies involved.
Incorporating SCM successfully leads to a new kind of competition on the global market where competition is no longer of the company versus company form but rather takes on a supply chain versus supply chain form.
Many electronics manufacturers ofGuangdong rely on supply of parts from numerous component shops in Guangzhou
The primary objective of supply chain management is to fulfill customer demands through the most efficient use of......

...Supply chain management is the management and coordination of a product’s supply chain for the purpose of increasing efficiency and profitability. The term supply chain management was coined by a consultant named Keith Oliver of the strategy consulting firm Booz Allen Hamilton in 1982. It combines processes of planning, implementing, and controlling the operations of the supply chain with the purpose of satisfying the customer requirements as efficiently as possible. It attempts to control or link the production, shipment and distribution of a product. This is done by keeping tighter control of internal inventories, internal production, distribution, sales and the inventories of the company’s product purchasers. It integrates supply and demand management within and across companies.
The inventory contains the raw materials, work-in-process goods and completely finished goods that are considered to be the portion of a business’s assets that are ready or will be ready for selling. Inventory represents one of the most important assets that most businesses possess because the turnover of inventory represents a primary source of revenue generation and subsequent earnings for the companies’ shareholders/owners.
However, possessing a high amount of inventory for long periods of time is not usually good because there are inventory storage, obsolescence and spoilage costs. On the other hand, possessing not enough inventory isn’t good either, because the business runs the risk of......

...1. Question
Supply Chain Resources definition are Materials, People, Information, Money or any other such resources that must be managed for profitable business operations. Define and describe brief information of the resources defined.
Supply chain management (SCM) is the management of the flow of goods. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain.
Supply chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.
SCM draws heavily from the areas of operations management, logistics, procurement, and information technology, and strives for an integrated approach.
Commonly accepted definitions of supply chain management include:
• The management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers.
• The systematic, strategic coordination of traditional business functions and tactics across all business functions within a......

...1. Executive Summary
2. Introduction to Operations Management
Operations management is the planning, scheduling and controlling of the activities that transform inputs by way of the raw materials, capital, machinery, labour, information and time in to outputs in the form of products and services of higher value than the inputs. It may also be viewed as a value addition process. Khanna (2012)
Therefore, operations management follows an input, transformational and output model whether it’s an individual activity or the entire organizational operations system.
Operations and processes transform inputs into outputs
Figure 1: The input-transformation-output model
Outputs
Inputs
Source: Slack N, Chambers S, Johnston R and Betts A (2009) Operations and Process Management.
Operations management is a process of how the organizational activities are carried out efficiently and effectively in order to achieve strategic objectives. It identifies the best practices in performing business activities. Hence it creates value to the organization and its customers. In the context of operations management “Logistic and Supply Chain Management” plays a vital role. Therefore, this report discusses the importance of logistic and supply management and its implications on business activities. It will explain the overall concepts underlining supply chain management and brief the personal opinion on the concepts explained. Finally, it will evaluate the application of the......

...Supply Chain Management
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University
Submitted to:
Topic:
What are different options available to mitigate different risks in a global supply chain?
Risks in global supply chain
Risk
* Exposure to chance of injury or loss
* Hazard or dangerous chance
* Chance of loss
* Degree of probability of such a loss
Global supply chains can increase efficiency, but they can also increase risk. For example the Japanese earthquake and tsunami, the floods in Thailand and the ash clouds caused by the Icelandic volcano—have demonstrated how far the consequences of such risks can extend. The Japanese earthquake, for example, severely affected global electronics production and led to extended business disruptions for the automotive industry.
These are some of the risks that can affect the global supply chain:
* Supply Risks. Impacts elements of inbound supply, implying that a supply chain is unable to meet the demand in terms of quantity and quality of parts and finished goods. The outcome is labeled as a supply disruption.
* Demand Risks. Impacts elements...

...Definition: Supply Chain Management is the discipline related to the management of the planning, manufacturing and operations necessary to bring a product to the market place, from the sourcing of materials through to the delivery of the completed product.
The deciding factor in the success or failure of any given product is in the efficiency with which it can be brought to the market place. If the revenue derived from the sale of a product does not create a required profit margin over the cost of its production then that product is doomed to failure, and the health of the enterprise that manufactures the product will suffer.
supply chain management softwareWith that in mind it is clear that the most important factor in the life cycle of a product is the budget and time frame within which it is manufactured. The discipline of supply chain management and the ranges of software used to control it have been developed in order to make this cycle more efficient and cost effective. The field is led by the Council of Supply Chain Management Professionals (CSCMP)
Aspects of Supply Chain Management
Supply chain management is a complex field encompassing every process involved in manufacturing a product. Supply chain management software assists enterprises in controlling streamlining the process through several logistical areas.
Customer Service Management: Customer relations provide information to the manufacturer on the level of demand for the product, and also......

...7 Diploma in Strategic
Management and Leadership (QCF)
Unit 14: Strategic Supply Chain Management and
Logistics
Unit Code: D/602/2357
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You must complete this assignment on time. If you experience difficulties, you must inform your tutor accordingly.
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Assessment Criteria
Learning
Outcome
LO1
LO2
LO3
Learning
Outcome
Understand the
relationship
between supply
chain
management
(SCM) and
organisational
business
objectives
Be able to use
information
technology to
optimise supplier
relationships in an
organisation
Understand the
role of
information
technology in
supply chain
management
Assess
ment
Criteria
1.1
1.2
1.3
2.1
2.2
2.3
3.1
3.2
3.3
LO4
Understand the
role of logistics
and
procurement in
supply chain
management
4.1
4.2
4.3
5.1
LO5
Be able to plan a
strategy to
improve an
organisation’s
supply
chain
5.2
5.3
In......

...Supply Chain
Supply chain is the network of vendors of raw materials plants that change important products and the centers of distribution for the products to get to the buyers. Myerson, P. (2015) further refers supply chain as the value of chain, it the network that includes producing and delivering services or products. The integration of customer requirements at the same time, the upstream supplier performance and internal process is mostly known as supply chain management. Supply chain strategies are as significant to a given company in various ways as explained below:
According to kamE. et al (November, 2012) supply chain strategies is the movement of products from the initial point until it gets to the buyer and meet their requirements (demand). According to Kam. E. (November 2012) supply chain strategies are so significant to the organization or company because its efficiency lead to the good recognition of revenue. The issues experienced by the product not being available at the right moment decreases the buyers’ commitment to the product. According to the Managementguide.com (2012) many organizations take supply chain as the source of support. The best line between failure and success is measures by the organization’s supply chain
Supply chain management is necessary to organization achievement and customer approval because it includes all of the actions that lead to the achievement of the association from start of planning, management of all activities and......

...MBA 311:SUPPLY CHAIN MANAGEMENT (SCM)
Unit 1.
Introduction:
Supply Chain encompasses all activities associated with the flow and transformation of
goods from the raw material stage (extraction), through to the end user, as well as the
associated information flows. Material and information flow both up and down the
supply chain.
Some Definitions of Supply Chain:
A supply chain is a network of facilities that procure raw materials,
transform them into intermediate goods and then final products, and
deliver the products to customers through a distribution system.
Lee and Billington
A supply chain is a network of facilities and distribution options that
performs the functions of procurement of materials, transformation of
these materials into intermediate and finished products, and the
distribution of these finished products to customers.
Ganeshan and Harrison
A supply chain, logistics network, or supply network is a coordinated system of
organizations, people, activities, information and resources involved in moving a product
or service in physical or virtual manner from supplier to customer. Supply chain activities
(value chains or life cycle processes) transform raw materials and components into a
finished product that is delivered to the end customer.
Today, the ever increasing technical complexity of standard consumer goods, combined
with the ever increasing size and depth of the global market has meant that the link
between consumer and vendor...

...Tessa Pittman
Business 620
Supply Chain Management
Professor Young
Liberty University
Supply Chain Management
I. Definition and reasons for the rapid growth of logistics
II. Managing Supply Chain
III. Different disciplines of Supply Chain
Definition and Reasons for the rapid growth of Supply Chain
Supply chain management also known as logistics, can be defined as the involvement of the management of information and how that information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability. There are four basic components of supply chain management. They are as follows:
1. The supply chain strategy, which is the strategy for managing all the resources required to meet the demands for products and services.
2. Supply chain partners which encompasses of the partners chosen to deliver the finished products.
3. Supply chain operation and this is the schedule for production activities, and
4. Supply chain logistics which is the product delivery processes and elements.
Supply-chain management also refers to merging at the corporate level of purchasing, transportation, warehousing, distribution, and customer service functions, rather than dealing with each of them separately at division levels (Salvatore, 2012, p.338). Supply chain management in general can be described......

...Finance
Instructor
Supply Chain Management
June 18, 2012
Supply Chain Management
Business has become increasingly competitive due too many factors. Business has become increasingly global and many companies are diversifying to enter new markets. A factor which companies have become increasingly aware of is supply chain management. A supply chain connects supplies with customers (Chin, Lie, Tsai, 2012). Supply chain management has become an important for companies to evaluate and research because improper management can lead to can hinder performance. Therefore, increased evaluation and research in proper supply chain management is essential for businesses to maintain a competitive advantage. This paper is going to analyze supply chain management a retail perspective to new learning perspectives of modern businesses.
Issues
For many years supply chain managers had difficulty determining the optimal amount for their inventory levels (Chin et al, 2012). For example, in Wal-Mart the company has to determine how much inventory to include in stores in comparison to a just in time approach. Research has indicated that improper supply chain management can lead to inefficient company performance (Asamoah, Annan, Nyarko, 2012). Therefore, improper evaluation of inventory can increase costs for the company and decrease sales to lack of inventory. For example, typically businesses would replenish inventories when the inventory is low. The supply chain manager would......